AAAFx Review - What to expect from the broker

AAAFx is a Global CFD broker that prides themselves in providing razor-thin spreads and zero-commission forex trading. This already makes them one of the most competitive ECN forex brokers in the world. This broker has been in the forex industry for over 15 years and has regulations in multiple jurisdictions.

In this AAAFx review, we are going to take a look at this broker to see what they have to offer to their clients. We will look at the regulations and the trading conditions behind this company. Let’s jump into it.

General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic Information About AAAFx

  • Website Address: www.aaafx.com
  • Instruments: CFDs- Forex, commodities, indices, stocks, and cryptocurrencies.
  • Minimum Deposit: $100.
  • Demo Account: Yes
  • Methods of Deposit and Withdrawal: Visa and MasterCard, Wire Transfer, Skrill, Neteller, or VirtuaPay, and more

Trading Platforms of AAAFx

AAAFx offers four great trading platforms to the traders. These include MetaTrader 4, MetaTrader 5, ActTrader, and ZuluTrade. The MetaTrader platforms provide a seamless user experience with the most useful information under one window. The active chart, asset name, and all commands and functions that can be executed are all easily accessible on the window.

ActTrader is also another popular trading platform among traders of all kinds. They are fast in order execution and intuitive enough for new traders. All these platforms are available on all kinds of devices, including PC, Web, macOS, iOS, and Android. However, ActTrader is not available on macOS. Still, most traders are catered for on this broker site.

Finally, access to the copy-trading platform ZuluTrade is also available on AAAFx. This is one of the best platforms for copy-trading. One of the top features is allowing traders to keep track of top traders and access their trading performance. This gives them an idea of the risks or success they should look out for.

Available assets on the AAAFx Trading Platform

In total, AAAFx provides over 200 trading instruments to the clients. This includes CFDs on forex, cryptocurrency, stocks, indices, and commodities. Let’s explore these asset classes a little more.

  • Forex: There are different currency pairs available for trading at AAAFx including majors like EURUSD, minors and even exotic pairs.
  • Cryptocurrency: In this asset class, there are only six cryptocurrencies available to trade against the US Dollar. These include Bitcoin, Ethereum, Litecoin, and more.
  • Stocks: There is a plethora of CFDs on stocks available for trading on this broker site. In total, there are over 130 different assets in this class. These assets are from global markets such as the NYSE, LSE, and many more.
  • Indices: Some of the indices on AAAFx include UK100, 100GBP, NASUSD, 200AUD, and E50EUR, among others. In total there are 11 different indices available for trading with AAAFx.
  • Commodities: Clients can also diversify their portfolios by trading commodities with AAAFx. The assets they can trade here include Crude Oil, Natural Gas, Silver, and Gold.

AAAFx Demo Account

Traders will be interested to know that AAAFx features a demo account that is free to all. This account allows traders to try out before they deposit their money. They also allows traders to try out their trading strategies risk-free using virtual funds. Once they are satisfied with the trading strategies, they can then launch them in the live market.

Interestingly, the demo account offered by AAAFx is rechargeable and only expires after 30 days of inactivity. This means that active users can keep this account for practising strategies for as long as they want. Note that this is a virtual trading environment and success in this environment may not translate into the live market.

AAAFx Fees and Spreads

Generally, ECN brokers offer ultra-low spreads compared to other brokers. This is because such brokers give traders direct access to liquidity providers and hence, direct market prices and spreads. In this case, the spreads can go as low as 0.0 pips for major currency pairs. Interestingly, there is no commission charged when trading forex with AAAFx.

On the other hand, trading indices and commodities charge a minimum commission of $0.74. The minimum commission clients pay when trading stocks sits at 0.075%. All these assets also charge a variable spread and investors should be aware of the spread before they invest their hard-earned cash.

AAAFx Credibility

There are many things that build the credibility of a company in traders’ eyes. Firstly, the regulation of a company is key in determining whether a company is trustworthy. While regulations alone are not enough, they are an indication that a company is willing to follow the rule of law. We can also look at the online reviews of a company to see what actual clients say about it.

In this case, AAAFx has fairly good reviews online. It has a 4.6-star rating out of 5 on Trustpilot after 53 reviews. Additionally, they are also regulated and registered under three different organizations. The subsidies are regulated as follows:

  • FSCA: Sikhula Venture Capital(Pty) Ltd is authorized and regulated in South Africa by the Financial Sector Conduct Authority (FSCA) under license number: 2017 / 315029 / 07.
  • HCMC: Triple A Experts Investment Services Single Member SA is authorized and regulated in the European Union by the Hellenic Capital Market Commission based in Greece. It is regulated under ID number 2/ 540/17.2.2010.

The conclusion of our AAAFx Review

Generally, there is substantive evidence that suggests that this company is credible. For starters, they are regulated and have a great reviews online. With over 10 years in the market, this gives AAAFx a great reputation among traders.

Additionally, AAAFx offers some of the best trading conditions in the market. The spreads on this ECN account are low starting from 0.0 pips. The trading platforms are some of the best trading software in the industry. Finally, they offers a wide selection of trading instruments.

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